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Wednesday, January 25, 2017

Trump intends to get rid of the reform of wall street


Donald trump, secured the nomination from the Republican party in the US presidential election, has promised to get rid of the reform wall Street.

“The law Dodd-Frank has made it almost impossible for bankers to function normally. This complicates the bankers lending money to people to create jobs. This has to stop,” said trump, noting that he is ready to repeal the law.

The Dodd-Frank, passed in 2010, requires banks to take less, to maintain strict levels of capital adequacy and to prepare safety plans for the financial system closure in the event of bankruptcy. Also the law was established the Agency for protection of financial consumers ‘ rights.

 

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